BTC/USD: Is the Current Bounce Off May Lead to $10,000?
The sideways trend also dominates on the weekly chart. However, the upward movement is more likely than the update of local bottoms. The trading volume is medium and bulls buy back each drop caused by sellers. The current bounce back might be another chance for buyers to come closer to $10,000. Furthermore, the liquidity is high at that level.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.